In this issue revisions have been made to the original series as a result of improved reporting of survey data. These revisions have impacted on the assets and liabilities for the period March 2010 to December 2012.

INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Stanley Ho on Sydney (02) 9268 4535.

SUMMARY COMMENTARY

KEY FIGURES

Securitisers, Australia - Assets and Liabilities(a)

Dec Qtr 2012

Mar Qtr 2013

Dec Qtr 2012 to Mar Qtr 2013

$m

$m

%

Total assets at end of qtr

125 244

125 816

0.5

of which

Mortgages

Residential

102 819

104 635

1.8

Non-residential

1 862

1 629

-12.5

Total liabilities at end of qtr

125 244

125 816

0.5

of which

Asset backed Securities

Issued domestically

93 670

94 209

0.6

Issued off shore

15 755

14 716

-6.6

(a) See paragraph 7 of the Explanatory Notes for details of the coverage of these statistics.

Assets of Securitisers

As at 31 March 2013, total assets of Australian securitisers were $125.8b, up $0.6b (0.5%) on 31 December 2012.

PERCENTAGE CHANGE IN TOTAL ASSETS, from previous quarter

During the March quarter 2013, the rise in total assets was due primarily to rises in residential mortgage loans (up $1.8b, 1.8%). This was partially offset by the falls in other loans (down $0.8b, 6.0%), non-residential mortgage loans (down $0.2b, 12.5%), credit card loans and receivables (down $0.1b, 17.5%), other assets (down $0.1b, 13.8%) and cash and deposits (down $0.1b, 1.3%).

Mortgage assets, which accounted for 84.5% of total assets, were $106.3b as at 31 March 2013, a rise of $1.6b (1.5%) during the quarter.

NET ACQUISITION OF MORTGAGES DURING QUARTER

Liabilities of Securitisers

As at 31 March 2013, total liabilities of Australian securitisers were $125.8b, up $0.6b (0.5%) on 31 December 2012. The rise in total liabilities was due to rises in long-term asset backed securities issued in Australia (up $1.5b, 1.8%) and loans and placements (up $1.2b, 11.7%). These were partially offset by the falls in asset backed securities issued overseas (down $1.0b, 6.6%) and short-term asset backed securities issued in Australia (down $1.0b, 13.7%).

CHANGE IN LEVEL OF ASSET BACKED SECURITIES, from previous quarter

As at 31 March 2013, asset backed securities issued overseas as a proportion of total liabilities fell to 11.7%, down 0.9 percentage points on the December quarter 2012 percentage of 12.6%, while asset backed securities issued domestically as a proportion of total liabilities rose to 74.9%, up 0.1 percentage point on the December quarter 2012 percentage of 74.8%.